Insider Monkey recently published an article on Jeff Smith’s Top 10 Stock Picks. Jeffery Chad Smith is an American investor and hedge fund manager who founded Starboard Value. It was said that Smith has an eye for detecting the unrealized potentials in the companies and why investing in them will reach their full potential.
Here is Most Feared Man in Corporate America’ Jeff Smith’s Top 10 Stock Picks, divided into their primary sectors.
Health Sector
MEDNAX, Inc collaborates with hospitals and health facilities to offer clinical services. Over the last 12 months, their revenue fell by 9%, but their shares have gained over 150%. Smith’s Starboard Value owns 8.45 million shares in MEDNAX.
Merit Medical Systems, Inc. is a company that creates medical devices used in treatments related to cardiology, radiology, oncology, and critical care patients. Starboard owns 3.98 million shares.
Security and Technology
Box, Inc.’s revenue jumped up 8%, making it $198.9 billion in Q4 of 2020; their shares also went up by 138%. Jeffery Smith’s Starboard Value is the most significant stakeholder with 10.97 million shares. Green Dot Corporation is a fintech company used by Apple, Uber, and Intuit. Their claims have gained over 1145 over the last 12 months.
Commvault Systems, Inc. sells data privacy and data protection services. Starboard Value is the biggest stakeholder, with 4.5 million shares worth $247.5 million. CommVault beat projected revenue estimates by increasing its revenue by 6.6%, ending the year with $247.46 million.
With 9.7 million shares of ACI Worldwide Inc., Starboard Value is the biggest stakeholder in the company. The payments company’s stock is up 60% over the last 12 months. NortonLifeLock Inc. is the company behind famous cybersecurity and data protection products. Jeff Smith boosted his stake in the company by 67% in Q4, ending the period with shares totaling $432.9 million.
Engineering
ON Semiconductor Corporation
Starboard Value has bought 9.01 million shares in ON Semiconductor Corporation; the total worth was $295.8 million. The semiconductor company sells products related to signal management, logic, discrete and custom solutions.
AECOM is a consulting company for engineering services. Smith’s Starboard Value is the biggest stakeholder with 7.8 million shares with a total value of $386.9 million. In 2020, their revenue jumped 2.2% to $3.31 billion.
Corteva, Inc is an agricultural chemical company in which Starboard Value has a $558.9 million stake at the end of the fourth quarter. This company is Jeff Smith’s top stock pick.
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